2960 Olive Grove CtRapid CitySD57703
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Rapid City at 2960 Olive Grove Ct, Rapid City, SD, 57703 generates $2,490/mo in rent, after a $2,520/mo payment. Total monthly income is $2,490/mo. Return on cash invested sits at 14.65% in year one, and rental yield is 5.8% on a $514,850 entry. Equity gained on principal adds $3,322/yr, while 5% annual appreciation builds toward $142,244 over five years. Five-year ROI reaches 74.79% and total cumulative return in cash sums $126,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,490/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
9,147 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: PAULA LEWIS • SUN REAL ESTATE
Mls Name: Black Hills AOR
Mls ID: #175393